Nokia holds 91 percent of Alcatel after second round of offer

Reuters News
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Posted: Feb 10, 2016 4:36 AM

HELSINKI (Reuters) - Finnish telecoms network equipment maker Nokia <NOKIA.HE> on Wednesday said it holds about 91 percent of the shares in France's Alcatel-Lucent <ALUA.PA> following the second round of its 15.6 billion euro ($17.6 billion) all-stock offer.

Nokia has already started to combine its operations with those of Alcatel after gaining control of it last month.

However, Nokia would need 95 percent of the shares to be able to squeeze out the remaining stake.

(Reporting by Jussi Rosendahl; editing by Jason Neely)